Bankowość · 09/11/2007

US Agencies Issue Final Rules to Combat Identity Theft and Address Discrepancies

The OCC, Board, FDIC, OTS, NCUA, and FTC are jointly implementing rules to prevent identity theft and address changes of address under the Fair and Accurate Credit Transactions Act of 2003, requiring financial institutions to develop and implement Identity Theft Prevention Programs and assess the validity of notifications of changes of address.